Thailand's Central Group in Selfridges takeover
Thailand’s Central Group and Austrian real estate and retail company Signa Group have partnered to buy the Selfridges department store group under a 50/50 partnership.
The terms were not disclosed but the deal is reported to be worth around £4bn (US$5.4bn). The companies said the transaction “will create one of the world’s leading omni-channel luxury department store groups”.
For the full story, see the January 2022 edition of Textiles South East Asia.
Photo: Selfridges